SEC 13F Intelligence

Managers / Q2 2019 · view latest →

FSI GROUP, LLC

CIK 0001041241 · 441 VINE STREET, SUITE 1300, CINCINNATI, OH, 45202 · 5132416166

Reported Value
$84M
Q2 2019
Positions
30
Filings on Record
7
2019–present window
Filed
Jul 25, 2019
original filing

Summary

Fsi Group, LLC reported $84M in U.S.-listed holdings across 30 positions for Q2 2019.

Its largest position, WFC, represents 9.1% of the portfolio.

Compared with Q1 2019, the fund opened 4 new positions and exited 7.

Portfolio Metrics

Turnover
+33.9%
vs prior filed quarter
Top-10 Concentration
+80.8%
share of reported value
Largest Position
+9.1%
Wells Fargo
New / Exited
4 / 7
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $93MQ1 ’19Q2 ’19: $84MQ2 ’19Q3 ’19: $72MQ3 ’19Q4 ’19: $78MQ4 ’19Q1 ’20: $4MQ1 ’20Q2 ’20: $25MQ2 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 89.9%Other: 10.1%
  • Common Stock · 89.9% · $76M
  • Other · 10.1% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AXPAMERICAN EXPRESS CONEW+61.0K61.0K+$8M$8M
SVB FINL GROUPNEW+27.5K27.5K+$6M$6M
SBNYSIGNATURE BK NEW YORK N YNEW+20.7K20.7K+$3M$3M
SCHWTHE CHARLES SCHWAB CORPORATINEW+50.0K50.0K+$2M$2M
ZIONZIONS BANCORPORATION N AADDED+12.8K19.3K+$592,000$888,000
THUNDER BRIDGE ACQUISITION LADDED+100.0K198.5K+$1M$2M
EWBCEAST WEST BANCORP INCSOLD OUT111.3K0$5M$0
HBANHUNTINGTON BANCSHARES INCSOLD OUT317.4K0$4M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

29 positions
#IssuerClass% PortfolioValueShares
1WFCWELLS FARGO CO NEWhistory →COM9.07%$8M161.4K
2FITBFIFTH THIRD BANCORPhistory →COM8.98%$8M271.1K
3AXPAMERICAN EXPRESS COhistory →COM8.94%$8M61.0K
4SYNOVUS FINL CORPCOM NEW8.54%$7M205.6K
5CFGCITIZENS FINL GROUP INChistory →COM8.27%$7M197.1K
6RFREGIONS FINL CORP NEWhistory →COM7.60%$6M428.5K
7BACBANK AMER CORPhistory →COM7.58%$6M220.1K
8PINNACLE FINL PARTNERS INCCOM7.45%$6M109.2K
9SVB FINL GROUPCOM7.34%$6M27.5K
10WALWESTERN ALLIANCE BANCORPhistory →COM7.04%$6M132.6K
11SBNYSIGNATURE BK NEW YORK N Yhistory →COM2.97%$3M20.7K
12THUNDER BRIDGE ACQUISITION LSHS CLASS A · *W EXP 01/01/2022.70%$2M298.5K
13SOUTHERN NATL BANCORP OF VACOM2.40%$2M132.3K
14SCHWTHE CHARLES SCHWAB CORPORATIhistory →COM2.39%$2M50.0K
15PACWEST BANCORP DELCOM1.85%$2M40.2K
16ZIONZIONS BANCORPORATION N Ahistory →COM1.05%$888,00019.3K
17UCBUNITED CMNTY BKS BLAIRSVLE Ghistory →COM1.05%$886,00031.0K
18BANRBANNER CORPCOM NEW0.62%$520,0009.6K
19KEYKEYCORP NEWCOM0.57%$479,00027.0K
20HTBHOMETRUST BANCSHARES INCCOM0.56%$470,00018.7K
21FHNFIRST HORIZON NATL CORPCOM0.56%$469,00031.4K
22CMACOMERICA INCCOM0.47%$398,0005.5K
23JPMJPMORGAN CHASE & COCOM0.46%$387,0003.5K
24COFCAPITAL ONE FINL CORPCOM0.37%$314,0003.5K
25OSBCOLD SECOND BANCORP INC ILLCOM0.34%$290,00022.7K
26STLSTERLING BANCORP DELCOM0.29%$247,00011.6K
27FBNCFIRST MIDWEST BANCORP DELCOM0.25%$210,00010.3K
28FRBKQREPUBLIC FIRST BANCORP INCCOM0.17%$144,00029.2K
29SHBISHORE BANCSHARES INCCOM0.13%$110,0006.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2020Under review1Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$25M6Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$4M22Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$78M37Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$72M33Oct 23, 201913F-HRchanges · EDGAR ↗
Q2 2019$84M30Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$93M33May 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.